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  1. #11
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    There is a certain Banco Nacional that has ATM in some places, a few years back they didn't charge fees for foreign cards (I know for cards from UK and Spain and Canada), but that may have changed.

    I no longer used foreign debit cards on DR ATM machines, but when I did a few years ago Scotia Bank charged a fee for my UK debit card. I also recall my US friends told me it charged them when using BoA cards, although they say on BoA website there is no fee, it was not so in reality (well, not in DR Scotia anyway).

  2. #12
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    Quote Originally Posted by etolw View Post
    I am living here, using Scotia Bank about two times every week with my foreign debit card. No fees charged by Scotia.

    I have had family visiting too, No fees charged by Scotia
    And different foreign bank cards were used, no participation or relation to Scotia

    Might be of limited interest to the OP, I do not know if this applies to all Scotia branches/DR

    Seriously, do you think I make this up and bother posting it online?

    As I spend more than 30k EUR every month here in DR, I simply refuse to use a bank that charges ATM fees.
    It would be stupid, as it could easily cost me more than 4000 DOP monthly in fees assuming a 250 DOP fee.

    In my home country the situation is reversed, some stores refuse to take cash as it costs more than handling online transactions. No banks has ATM usage fees where I come from.

    The ATM usage fees are dinosaurs of the past and may only exist because of ignorant customers.
    I think there is some confusion about "ATM CHARGE" and cash advance charge ( or whatever your "home bank" calls it. ) If I use a Canadian Scotia ATM card at a Scotia ATM in the DR there is no charge ( like 150 RD ) at the time of withdrawal. And there is no subsequent Cash Advance charge or transaction posted to that account.

    However if I use a non-Scotia ATM card at the same machine - there is no charge ( like 150 RD ) at the time of withdrawal BUT THERE IS A CASH ADVANCE CHARGE ( or whatever your "home bank" calls it ) posted to that account. At least that's what happens to me. So this transaction is not really "free".

    Sorry for any confusion.

  3. #13
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    Quote Originally Posted by Astucia View Post
    I think there is some confusion about "ATM CHARGE" and cash advance charge ( or whatever your "home bank" calls it. ) If I use a Canadian Scotia ATM card at a Scotia ATM in the DR there is no charge ( like 150 RD ) at the time of withdrawal. And there is no subsequent Cash Advance charge or transaction posted to that account.

    However if I use a non-Scotia ATM card at the same machine - there is no charge ( like 150 RD ) at the time of withdrawal BUT THERE IS A CASH ADVANCE CHARGE ( or whatever your "home bank" calls it ) posted to that account. At least that's what happens to me. So this transaction is not really "free".

    Sorry for any confusion.
    True, Popular Bank has some Credit Cards that they dont charge for Cash Advance, If im not wrong when they apply the charge for advance charge is like 6%

  4. #14
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    Quote Originally Posted by etolw View Post
    .......
    As I spend more than 30k EUR every month here in DR, I simply refuse to use a bank that charges ATM fees.
    .......
    I had to read this a few times to quite get it, so you spend "more than 30k EUR every month" here in DR, vow, I can't even imagine how it is possible to spend that much here, so many Presidentes a month, €360,000 pen year, Monte Carlo maybe a place to spend like that, but DR... !?

    Is that €3k or 30k pesos , no... !?

  5. #15
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    Quote Originally Posted by Uzin View Post
    I had to read this a few times to quite get it, so you spend "more than 30k EUR every month" here in DR, vow, I can't even imagine how it is possible to spend that much here, so many Presidentes a month, €360,000 pen year, Monte Carlo maybe a place to spend like that, but DR... !?

    Is that €3k or 30k pesos , no... !?
    Sorry! Of course you are right, €3k it is. Shame on me that typo...

    Yeah, the casinos on the North Coast are not that great, closed down almost everyone, no need to spend more than that

    The ATM fees the OP and myself are talking about are the fees that the ATM may charge from the user of the ATM.
    Which can be avoided by selecting an ATM that charges less or none fees from the user.

    Your bank may charge additional fees. Which only can be avoided by changing bank or use another card. Not an option for many including me.

    An ATM in a good location that has many transactions each day can be profitable without charging user fees, it receives a small amount from the users’ bank for every transaction. That amount is supposed to cover the ATM owners expenses.
    ATM owners that do not have enough transactions pr. day or subsidies from owner/bank may need to charge additonal fees to be profitable, although it is evident that in the later years here in DR many sees an oppurtunity for additional profit/greed.



    Take example Scotia Bank in Cabarete.

    Many years ago say year 2000 I could withdraw without paying ATM fees here in DR with my foreign debit/credit cards.
    Then maybe five or six years ago almost every ATM in the DR started charging ATM fees, Scotia Bank Cabarete also.
    That left me with only one ATM in Cabarete not charging that fee.

    Fortunately Scotia Bank ceased charging that fee 1-2 years ago here in Cabarete, do not know if that is valid all over DR.

    Clearly the bank has many happy ATM customers and transactions pr. day using that policy, it may be the reason they ceased to charge that fee to attract more customers and be profitable that way. I do not know.

    But I refuse to pay ATM fees to greedy banks.

  6. #16
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    I just use a Schwab ATM card and the fees are refunded if there are any. FOREX rates are good as well.

  7. #17
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    Quote Originally Posted by windeguy View Post
    I just use a Schwab ATM card and the fees are refunded if there are any. FOREX rates are good as well.
    I heard about this Schwab refund, but I always wondered how do they know how much the DR ATM has charged you... !? This does not show up at their end I don't think, as far as they see you withdraw say US$295 (if there was say 250 pesos fee) - that is what shows on my statement anyway (no mention or indication of any local ATM fee).

    So do you contact them and tell them about it or they somehow figure it out - every DR ATM has their own fee, and different from others ....!?

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  9. #18
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    Quote Originally Posted by william webster View Post
    Scotia bought Progreso.....and are converting the ATMs
    Aha! This is exactly the missing piece of information I was looking for. Now I know: I save a buck compared to Banco Popular.

  10. #19
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    Quote Originally Posted by Astucia View Post
    I think there is some confusion about "ATM CHARGE" and cash advance charge ( or whatever your "home bank" calls it. ) If I use a Canadian Scotia ATM card at a Scotia ATM in the DR there is no charge ( like 150 RD ) at the time of withdrawal. And there is no subsequent Cash Advance charge or transaction posted to that account.

    However if I use a non-Scotia ATM card at the same machine - there is no charge ( like 150 RD ) at the time of withdrawal BUT THERE IS A CASH ADVANCE CHARGE ( or whatever your "home bank" calls it ) posted to that account. At least that's what happens to me. So this transaction is not really "free".

    Sorry for any confusion.
    OP: I was referencing ATM fees, not bank fees.

  11. #20
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    Quote Originally Posted by Riva_31 View Post
    True, Popular Bank has some Credit Cards that they dont charge for Cash Advance, If im not wrong when they apply the charge for advance charge is like 6%
    OP: This came up in another thread but I may as well recap it here. An easy to obtain debit card, at least if you are a U.S. citizen--I can't speak for other countries--is that of BanReservas. With no more than a passport, a state driver's license or identification card, and a copy of original social security card (the latter involving a bit of work to obtain), you can apply for a receive a BanReservas debit card with NO applications to fill out. All those items are filled out by a staff person when you present your identifications. A week later you have a debit card which you can use WITH NO FEES at BanReservas or at BHD.

    LOL! The reason I did not do this when the issue of ATM fees came up with a U.S. debit card is because I had no money in my B.R. account! Ah, retired life on a pension . . .

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